Cooperating: The Swiss units of two major U.S. banks are said to be working with authorities over a tax evasion probe. Morgan Stanley
and Goldman Sachs Group Inc.
are working to possibly hand over incriminating information about Americans with Swiss bank accounts looking to evade taxes in the U.S., according to The Wall Street Journal. In return for the cooperation, the two banks will not face prosecution but will be hit with penalties.

Wall Street will not see a woman lead a major investment bank anytime soon, judging by the lack of women on bank executive committees of the major firms, say critics.

Only a handful of the executive roles at the major banks are held by women. And the financial industry, typically dominated by men, will continue to be so for the foreseeable future.

“The big question is when we will see a women heading a major Wall Street bank? It’s not happening in the next three to five years,” said Alex Lebenthal, president and CEO of Lebenthal & Company and member of The Committee of 200 (C200), an invitation-only networking organization, composed of female entrepreneurs and corporate leaders.

It\’s spring outside and nearly the weekend. Here\’s Thursday\’s banking roundup: Credit Suisse sets aside more money, the FBI launches a probe into Citi, J.P. Morgan irks Russia but then backs off and there are not enough women at the top of the corporate food chain says a high-ranking bank executive.

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